Daiwa Industries Ltd. (TSE:6459) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 3.91% of its issued share capital for ¥2,208 million. The shares will be repurchased at a price of ¥1,104 per share.

The purpose of the program is to flexibly implement capital policies in response to changes in the business environment. As of December 31, 2021, the company had 51,048,079 shares issued (excluding treasury stock) and 669,136 shares in treasury.